Medical Tourism Market: by Treatment Type (Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Orthopedics Treatment, Bariatric Treatment, Fertility Treatment, Ophthalmic Treatment, and Others) and Geography  

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Medical Tourism Market size was valued at USD 12,306.9 million in 2022 and is poised to grow at a significant CAGR of 12.5% over 2023-2029. People who travel overseas for medical treatment are known as medical tourists. This used to refer to people who traveled from underdeveloped nations to major medical centers in rich countries seeking treatment that was not available at home. The fertility segment of the medical tourism market is anticipated to show the fastest growth in the forecasting period. One of the most frequent therapies for which medical tourists choose to go across foreign boundaries is fertility therapy. According to internal records from Nova IVF Fertility, roughly 49% of overseas patients came from various regions of Asia, and 23% were from Africa. The percentage of patients from Africa increased by 44% last year compared to the previous year. In Turkey, an IVF treatment package costs $2,650, which is much cheaper than in the US. Turkey is a prominent center for modern medical treatments and procedures. People from many nations visit to this country for superior medical care since it has sections on two continents Europe and Asia and is close to the Middle East. The medical tourism market is growing due to factors such as immediate treatment, affordability and cost-effectiveness, travel opportunities, availability of medical experts, no or limited insurance coverage, and availability of advanced equipment.

Medical Tourism Market Key Developments:
  • In July 2020 Medical Tourism Association Partners with Korea Tourism Organization to extend South Korean Global Medical Services after Successful COVID-19 Containment
  • In July 2021, the Ministry of Tourism established the National Medical & Wellness Tourism Boarda to promote Medical and Wellness Tourism in India.  
 

Medical Tourism Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

12.5%

Largest Market

Asia-Pacific

Fastest Growing Market

Europe
Medical Tourism Market Dynamics

The market is expected to offer lucrative opportunities due to the availability of lower-cost treatment options mixed with higher-quality care. The cheap cost and easy availability of people is the main factor for lower treatment costs in the medical tourism market. According to a report, the total fare for the heart bypass surgery is $7,000 in India, $12,100 in Malaysia, $13,900 in turkey, $15,000 in Thailand, $17,000 in Singapore in addition many hospitals have a more extensive network to engage with pay reimbursement activities through medical claims and insurance which is the advantage factor of medical tourism. In addition, the availability of low-cost cosmetic surgery and treatment facilities is increasing the region's medical tourism boom due to cosmetic procedures are not covered by health insurance, consumers are increasingly turning to the Asia Pacific for low-cost cosmetic treatments.

Key Features of the Reports

  • The medical tourism market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The Medical Tourism market report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The Medical Tourism market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The Medical Tourism market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The Medical Tourism market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Medical Tourism Market Segmentation

By Treatment Type
  • Cosmetic Treatment
  • Dental Treatment
  • Cardiovascular Treatment
  • Orthopedics Treatment
  • Bariatric Treatment
  • Fertility Treatment
  • Ophthalmic Treatment
  • Others
by Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

 

Frequently Asked Questions

The medical tourism market is projected to expand at a CAGR of 12.5% during the forecast period

Apollo Hospitals Enterprise Limited, Asian Heart Institute, Barbados Fertility Center, Fortis Healthcare Limited,, KPJ Healthcare Berhad, NTT Medical Center Tokyo, Prince Court Medical Centre,

Europe is the fastest-growing region for medical tourism market

  1. Executive Summary
  2. Global Medical Tourism Market Introduction
    • Global Medical Tourism Market - Taxonomy
    • Global Medical Tourism Market -Definitions
      • Treatment Type
      • Region
  1. Global Medical Tourism Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Medical Tourism Market Dynamic Factors - Impact Analysis
    • Global Medical Tourism Market - Competition Landscape
  2. Global Medical Tourism Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Medical Tourism Market, By Treatment Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Dental Treatment
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cosmetic Treatment
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cardiovascular Treatment
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Orthopedic Treatment
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cancer Treatment
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Neurological Treatment
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Fertility Treatment
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Tourism Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Medical Tourism Market - Opportunity Analysis Index, By Type, Source, End User, and Region, 2019 - 2025
  2. North America Medical Tourism Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Treatment Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Dental Treatment
      • Cosmetic Treatment
      • Cardiovascular Treatment
      • Orthopedic Treatment
      • Neurological Treatment
      • Cancer Treatment
      • Fertility Treatment
      • Other Treatments
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Medical Tourism Market - Opportunity Analysis Index, By Treatment Type, and Country, 2019 - 2025
    • North America Medical Tourism Market Dynamics - Trends
  3. Europe Medical Tourism Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Treatment Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Dental Treatment
      • Cosmetic Treatment
      • Cardiovascular Treatment
      • Orthopedic Treatment
      • Neurological Treatment
      • Cancer Treatment
      • Fertility Treatment
      • Other Treatments
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Medical Tourism Market - Opportunity Analysis Index, By Treatment Type, and Country, 2019 - 2025
    • Europe Medical Tourism Market Dynamics - Trends
  4. Asia-Pacific Medical Tourism Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Treatment Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Dental Treatment
      • Cosmetic Treatment
      • Cardiovascular Treatment
      • Orthopedic Treatment
      • Neurological Treatment
      • Cancer Treatment
      • Fertility Treatment
      • Other Treatments
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Medical Tourism Market - Opportunity Analysis Index, By Treatment Type, and Country, 2019 - 2025
    • Asia-Pacific Medical Tourism Market Dynamics - Trends
  5. Latin America Medical Tourism Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Treatment Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Dental Treatment
      • Cosmetic Treatment
      • Cardiovascular Treatment
      • Orthopedic Treatment
      • Neurological Treatment
      • Cancer Treatment
      • Fertility Treatment
      • Other Treatments
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Medical Tourism Market - Opportunity Analysis Index, By Treatment Type, and Country, 2019 - 2025
    • Latin America Medical Tourism Market Dynamics - Trends
  6. Middle East and Africa Medical Tourism Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Treatment Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Dental Treatment
      • Cosmetic Treatment
      • Cardiovascular Treatment
      • Orthopedic Treatment
      • Neurological Treatment
      • Cancer Treatment
      • Fertility Treatment
      • Other Treatments
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Medical Tourism Market - Opportunity Analysis Index, By Treatment Type, and Country, 2019 - 2025
    • MEA Medical Tourism Market Dynamics - Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Source & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Asklepios Kliniken GmbH (Germany),
      • Apollo Hospitals Enterprise Limited (India),
      • Cosmedic Travel (Australia)
      • BB Health Solutions (UK)
      • Fortis Healthcare Limited (India)
      • NTT Medical Center Tokyo (Japan)
      • Seoul National University Hospital. (South Korea)
      • Prince Court Medical Centre (Malaysia)
      • Min-Sheng General Hospital (Taiwan)
      • Bumrungrad International Hospital (Thailand)
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • Aditya Birla Memorial Hospital,
  • Apollo Hospitals Enterprise Limited,
  • Asian Heart Institute,
  • Barbados Fertility Center,
  • Fortis Healthcare Limited,
  • KPJ Healthcare Berhad,
  • NTT Medical Center Tokyo,
  • Prince Court Medical Centre,
  • Samitivej PCL,
  • Seoul National University Hospital,
  • Wooridul Spine Hospital.

Adjacent Markets